A German dairy economist says U.S. farmers are not making 2024 milk risk management decisions yet.
Tersten Hemme with the International Farm Comparison Network asked farmers at World Dairy Expo how many of them have their 2024 risk management plans in place, and no one responded. Hemme says farmers might be holding out for prices to peak. “What it tells me is a lot of U.S. farmers are very optimistic of a high price or a price recovery to come.”
Hemme says there are two possible price scenarios going forward.
